Saturday Evening Roundup

*Well it didn’t take very long for Dealbook to find a connection between Tim Geithner’s future employer and TARP:

Warburg Pincus has also taken stakes in banks aided by taxpayer dollars through TARP. That includes Webster Financial, a New England lender in which the firm reaped a return of about 35 percent. Another was Sterling Financial, a Washington State institution in which the buyout firm invested $139 million; it was sold two months ago to another bank, Umpqua, for $2 billion.

*In a much more consequential Wall Street story, JP Morgan’s woes continue. Its executives agreed to a $4.5 billion settlement with 21 institutional investors. The investors–which include Goldman Sachs, for crying out loud–claimed that the banking behemoth, between 2005 and 2008, sold them mortgage bond trusts without doing proper oversight.

*Fans are either going to be delighted or infuriated by this story, with emotions largely dependent on their cable package: America’s favourite Brit John Oliver is leaving The Daily Show to launch his own weekly HBO talk show.